"If people are thinking Times Square, by the summer, is going to look like the Times Square we all know and love, that's probably not going to be the case." A construction worker walks down a staircase in the scaffolding of TSX Broadway under construction, Thursday, Oct. 29, 2020, in New York's, Times Square. A Times Square Alliance study found foot traffic in the neighborhood's busiest block on 42nd Street between Seventh and Eighth avenues was down 70% from the previous year. "Rents for Times Square retail space haven't been this low since 2012," Lodhi told CNN Business on Wednesday. The company broke ground on the 46-story mixed-use facility at the corner of 47th and Broadway in northeast corner of Times Square back in March 2019.

Source: CNN December 31, 2020 15:11 UTC